By defining objectives and developing an action plan based on meeting those objectives, we ensure an organized, complete multi-year approach to implementing and fulfilling your benefits needs. Our careful strategic planning services include ongoing evaluation of all your plan’s characteristics — such as plan performance, access, service, and price — to ensure a proper balance is achieved. Strategic planning also shields your plan from becoming obsolete as new trends and market factors emerge.
Brady Benefits & Associates utilizes a multitude of sources to benchmark client data and determine a client's competitive position with respect to health and welfare benefits offerings, while also identifying cost reduction opportunities. By reviewing data from prominent national surveys and from our book of business and specific peer groups, we are able to provide detailed comparative information for our clients. This information becomes a valuable component in developing a client-specific strategy that continuously revisits the design of the benefit plans as well as the level of employee/employer cost sharing.
We provide our clients with a mid-year review to minimize unexpected events at renewal. During the renewal, we review available experience and current market trends. This provides our clients with sufficient data to establish budget guidelines and to begin considering whether plan changes may be necessary.